Arcadia SGR S.p.A. (‘’Arcadia’’) announces that its managed private equity fund Arcadia Small Cap II (‘’ASC II’’ or the ‘’Fund’’) sold the entire share capital of Castello Italia S.p.A. (“Castello” or the “Company) to Group ARaymond. Castello is based in Casalmorano (CR) and is active in the extrusion of polyamide and polyurethane coils and tubes for the automotive and the industrial automation sectors.

In August 2018, Arcadia acquired 75% share capital of Castello from Chemical Project Holding S.r.l. (“CPH”), the holding company of Frederic Hepineuze. The acquisition was entirely financed by ASC II, without using financial leverage. CPH maintained 25% equity shareholding in the company and shared with Arcadia an ambitious industrial plan based on new investments and turnover growth.